Lloyds Banking ( (GB:LLOY) ) just unveiled an update.
Lloyds Banking Group PLC announced the purchase of over 13 million of its ordinary shares as part of its ongoing share buyback program. This move, executed through Morgan Stanley & Co. International plc, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares. The cancellation of these shares aligns with regulatory requirements and demonstrates Lloyds’ commitment to maintaining a robust capital structure.
More about Lloyds Banking
Lloyds Banking Group PLC is a leading financial services group in the United Kingdom, primarily engaged in retail and commercial banking, general insurance, and long-term savings, protection, and investment. The company focuses on serving millions of customers through its various brands, including Lloyds Bank, Halifax, and Bank of Scotland, with a strong emphasis on digital innovation and customer service.
YTD Price Performance: 22.67%
Average Trading Volume: 155,420,362
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £40.78B
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